Oahu Retail Market Report Q1 2019

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Oahu’s retail market posted a healthy 69,927 square feet of net absorption for the first quarter of 2019. Starting in 2011, Oahu’s shopping centers generated positive gains in tenancy for eight consecutive years. Vacancy rates continued on their three-year decline and registered at 4.15% for the past quarter.
Boosting inventory by more than 1.6 million square feet, the retail shopping center building boom of the past five years has been nearly fully absorbed. Vacancy rates hovered near 4% prior to spiking upward when the new wing at Ala Moana Center, International Marketplace’s redevelopment, and Kapolei’s regional mall Ka Makana Ali’i were delivered to the marketplace. By 2019, the regional mall retail category recorded the lowest vacancy rate among the various shopping center categories, registering a 3.03% for the quarter.


Oahu Retail Market Report Q1 2019

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